Big Board Is Planning To Delist Far West
NEW YORK - The New York Stock Exchange said it would suspend trading in the common stock of Far West Financial Corp. before trading opens on Monday, Sept. 16.
The exchange will then apply to the Securities and Exchange Commission to delist the issue.
Far West Financial, controlled by the Belzberg family of Canada, is the parent of the failed Far West Savings and Loan Association, Newport Beach, Calif.
The Big Board said it moved to delist Far West because it fell short of exchange guidelines. For example, the aggregate market value of outstanding common stock fell below $8 million and average net income for the last three years was below $600,000.